Nepalese rupee

ISO 4217CodeNPR (numeric: 524)Subunit0.01Units of accountBase unitrupeeSymbolरु‎Subunit1⁄100paisaDenominationsBanknotes Freq. usedरु5, रु10, रु20, रु50, रु100, रु500, रु1000 Rarely usedरु1, रु2, रु25, रु250 Freq. usedरु1, रु2 Rarely used1 paisa, 5 paisa, 10 paisa, 25 paisa, 50 paisa, रु5, रु10DemographicsDate of introduction1 January 1932 (1932-01-01)ReplacedNepalese moharOfficial user(s)NepalUnofficial userIndia (Indo-Nepal Border Cities)IssuanceCentral bankNepal Rastra Bank Websitenrb.org.npValuationInflation3.6% SourceStatista, 2021Pegged withIndian rupee (₹)
₹1 = रु1.60 (buy), रु1.6015 (sell)

The Nepalese rupee (Nepali: नेपाली रुपैयाँ; sign: रु; code: NPR) is the official currency and legal tender of Nepal. It is also sometimes abbreviated as N₨ or Re./Rs. informally. Each rupee is subdivided into 100 paisa, although coins of lower denominations are rarely used today. It is issued and regulated by the Nepal Rastra Bank, the central bank of Nepal.

The Nepalese rupee was introduced in 1932, replacing the silver-based mohar at a rate of 2 mohar = 1 rupee. Since 1994, it has been officially pegged to the Indian rupee at a rate of रु1.60 = ₹1, having previously been pegged at रु1.45 = ₹1.

In 2024, the Nepalese rupee is accepted for domestic transactions only within Nepal and is not legally circulated outside its borders. Foreign exchange is regulated by the central bank and subject to strict limits.